Bitcoin's rally isn't hitting new ATHs just yet—at least not in the immediate term. What we're likely seeing is a dead-cat bounce with a local top forming around this month. The real test will come when we hunt for sub-60k levels, which could mark the genuine support zone investors should watch.
Right now, being aggressive with positioning requires serious caution. The price action screams mixed signals: momentum is there, but conviction looks shaky. Keep a close eye on whether Bitcoin can hold above key support or if we're heading lower. Market cycles reward patience, and this one's still writing its story.
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ColdWalletGuardian
· 1h ago
The term "dead cat bounce" is used perfectly. I also think this wave of increase feels a bit fake... 60,000 is really the time to see the real strength.
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TestnetScholar
· 1h ago
Dead cat bounce, I said this long ago, just waiting for the 60k hurdle
Whether $60,000 can be held is the key, anything else is pointless now
Mixed signals mean whether to accumulate coins or cut losses, depends on the mindset haha
This rebound has tricked me twice... still wait and see before acting
Patience? My patience was exhausted in the last round of circuit breakers
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BearMarketSunriser
· 1h ago
We've seen too many dead cat rebounds, but the $60,000 threshold is the real test.
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DataPickledFish
· 1h ago
Tired of the "dead cat bounce" theory, let's wait until it breaks below 60,000 first
Wait, is this really different this time... Are the bulls about to get chopped again?
$60,000 is the real truth detector; everyone entering now has a gambler's mindset
Mixed signals are the most annoying; might as well have a big drop to avoid the hassle
Bitcoin's rally isn't hitting new ATHs just yet—at least not in the immediate term. What we're likely seeing is a dead-cat bounce with a local top forming around this month. The real test will come when we hunt for sub-60k levels, which could mark the genuine support zone investors should watch.
Right now, being aggressive with positioning requires serious caution. The price action screams mixed signals: momentum is there, but conviction looks shaky. Keep a close eye on whether Bitcoin can hold above key support or if we're heading lower. Market cycles reward patience, and this one's still writing its story.